The whole technology sector will be watching when AI chip giant Nvidia (NVDA) releases its fiscal third-quarter earnings on November 20.
The $3.6 trillion business controls about 80% of the market for expensive chips and processors that use artificial intelligence. Among its most notable clients are Google parent company Alphabet (GOOGL), Microsoft (MSFT), and electric car manufacturer Tesla (TSLA).
According to Louis Navellier, chairman and founder of Navellier & Associates, “Nvidia’s earnings on Wednesday will be the grand finale of the earnings announcement season.” “Starting in the fourth quarter, Nvidia’s new Blackwell GB200 GPU will dominate its sales for the next couple of years.”
According to Navellier, Nvidia “has no competitors, and as it develops even more powerful GPU successors to Blackwell, I do not expect any competitor to crack Nvidia’s monopoly on generative AI.” This is because the business spent about $2 billion developing the Blackwell GPU.
When the Information revealed that the artificial intelligence chip manufacturer is having trouble with its Blackwell processors overheating when they are placed in high-capacity server racks, the story of Nvidia took a dramatic turn.
According to reports, the corporation has had to modify server racks multiple times in order to address the issue of overheating.
According to the study, clients are worried about possible delays in the installation of the new AI data centre technology because they have heard about the frequent design revisions.
Analyst Anticipates a Beat/Raise situation.
Stephen “Sarge” Guilfoyle of TheStreet Pro concurred, saying that demand for Blackwell chips is “through the roof.”
“I don’t doubt Nvidia going into this quarter,” the seasoned trader told Conway Gittens, anchor of TheStreet. “I just wonder how far we can go with this before margins at least contract.”
LSEG consensus forecasts indicate that the business will report 75 cents of earnings per share. An estimated $33.12 billion in revenue is anticipated by analysts surveyed by LSEG, representing an 83% increase over the previous year.
Ahead of Nvidia’s quarterly earnings, investment companies have begun modifying their price expectations for the business. The investment firm Truist kept its buy rating on Nvidia and increased the NVDA Stock Price objective from $148 to $167.
The company expressed optimism in 2025 due to a strong backlog and stated that it expected Nvidia to report results that were higher than the analyst estimate.
Truist is increasing its projections in response to increased growth expectations in the data-center end market, and Nvidia’s management commentary will concentrate on the next growth drivers following big language models: data processing and physical AI.
According to Truist, its fiscal 2024 earnings per share outlook increased 4 cents to $2.85, while its fiscal 2025 view increased 49 cents to $4.18.
Large language models are capable of several tasks, such as creating material that is human-like, analysing data, and enhancing the user experience.
Stifel kept its buy recommendation on Nvidia’s stock but increased its price objective from $165 to $180.
Discussions with industry participants and supply-chain data points continue to be skewed positively, and the investment firm anticipates “another beat-and-raise scenario,” the firm stated.
According to Stifel, considering that consensus projections for fiscal years 2026 and 2027 have increased by almost 4% over the last two weeks, expectations are strong and this scenario seems to be widely expected.
Based on the firm’s checks, the April quarter is more likely than the January quarter to see a Blackwell-driven inflection to the upside. According to Stifel, “a diverse set of data points support the positive revisions.”
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